What is a trustee in a chapter 7 bankruptcy case, and what does he or she do?
The trustee is a person appointed to examine the debtor, collect any nonexempt property, and pay the expenses of the estate and the claims of creditors. In addition, the trustee has certain administrative duties in a chapter 7 case and is responsible for seeing to it that the debtor performs the required duties in the case. A trustee is appointed in every case.
Related Questions
- Why would someone file Chapter 13 when they could file a case under Chapter 7 and not have to make payments to a trustee and stay in bankruptcy from three to five years?
- What is a trustee in a chapter 7 bankruptcy case, and what does he or she do?
- How and why is a Trustee appointed to a Chapter 7 bankruptcy case?
